US online interactive media transactions (Nasdaq: IBKR) announced the launch of extensive hours of transactions for what the company calls for predictions. Eligible customers can now exchange prediction contracts about 24 hours a day, Sunday to Friday. This provides the flexibility for the management of the risk and the expression of market views in economic, government and climate events whenever opportunities occur.
Forecasting contracts, also called event contracts and essentially a kind of yes-no binary selection product, provide a simple and cost-effective way to take a position on the results of significant economic, government and environmental events. Every contract is a “yes” or “no” question as “the United States economy will enter a recession until the end of Q2 2025?” and allows investors to buy a position according to their prospects.
Interestingly, IBKR remains far from the prediction contracts associated with the sporting event. Robinhood broker (Nasdaq: Hood) also adds event contracts, including sports events – effective sports bets – although its attempt to start a Superbowl event contract was taken earlier this year, after pushbacks.
Steve Sanders, EVP of Marketing and Product Development, told interactive brokers, reported,
“Today’s markets are directly reacting to events that occur in geographical areas and time zones. With the extension of transactions for forecasting contracts, we offer customers to act on critical market developments as they unfold, regardless of when they occur.”
Forecasting contracts are available on multiple IBKR trading platforms, such as IBKR Mobile, IBKR Desktop, Trader Work Station (TWS), Portal Client and IBKR Forecasttrader, a special online platform. The contracts are valued between the 0.02 USD and the USD 0.99 based on the evaluation of the probability of each event. A correct prediction is installed in USD 1.00. An incorrect installed at zero, providing a transparent real -time index of investment.
Forecasting contracts are offered by Fearastex LLC, a subsidiary set by CFTC and an entirely subsidiary of Interactive Brokers. Available to Eligible Customers of Interactive Brokers LLC (US), INTERACTIVE BROKERS CANADA INC. and interactive brokers hong kong.